UAE stocks add 342 billion dirhams to its market capitalization in 9 months

Local stock exchanges added about 342 billion dirhams to their market capitalization in the first nine months of this year, supported by increased demand from companies and investment portfolios, with new listings based on data from the Abu Dhabi Securities Market and the Dubai Financial Market. .

Markets’ market value was boosted by four new listings in the current year, including “ADNOC Gas”, “Brissite” for artificial intelligence solutions and “ADNOC Logistics and Services” on the Abu Dhabi market. Shares of “Al Ansari” Financial Services on the Dubai Financial Market.

The market capitalization of listed stocks rose from 3.206 trillion dirhams at the end of last year to 3.548 trillion dirhams in the last session of last September, with 2.852 trillion dirhams distributed to stocks listed on the Abu Dhabi Securities Market and 696.6 billion dirhams to stocks listed on the Dubai Financial Market.

Local stocks attracted more than 321.6 billion dirhams of liquidity in the first nine months of the year, with 243.9 billion dirhams distributed on the Abu Dhabi Securities Market and 77.6 billion dirhams on the Dubai Financial Market, while around 87.2 billion shares were traded, of which 44.66. billion shares were traded.42.6 billion shares in the Abu Dhabi market by executing more than four million transactions in the two markets in Dubai.

The Abu Dhabi market index “Fadex 15” ended last September at 9496.03 points, while the “FTSE” Abu Dhabi General Market Index (Fadji) ended at 9785.32 points and the real estate index rose. 31.6%, consumer goods about 15.6%, and healthcare 7.1%, energy 3.6% and services 2.7%.

Shares of “Abu Dhabi National Hotels” made the biggest gains on the Abu Dhabi market since the start of the year, rising 161%, followed by “Buildco” with gains of 85.2%, and shares of “ADNOC Drilling” with 34.9%, and “Aldar Properties” with 30%, and “ADNOC Gas” 23.8%, “Abu Dhabi Islamic” 23.6%, “ADNOC Logistics” 16.6%, “Abu Dhabi Ports” 12.4%, “Yahsat” 7.2%, and “Boroj” 6.1%.

“International Holding” has the largest share of the trade, attracting more than 65.6 billion dirhams in cash flow, followed by “Alpha Tabi” with about 22.1 billion dirhams, then “Multiplay” with 17.7 billion dirhams, “First Abu Dhabi” with 10.7 billion dirhams, and “Altar” with 9.1 billion dirhams. billion dirhams.

The Dubai Public Market Index rose 24.8% or the equivalent of 827.5 points in the first nine months of this year, jumping from 3336.07 points at the end of last year to reach 4165.58 points in the last September sessions. The real estate sector index was up 40.9%, industrials 30%, financials 22%, and services 16.1%, their highest levels in more than eight years.

The performance of the Dubai market improved with “Emaar Properties” shares rising 37.2%, “Emirates NBD” 36.9%, “DEWA” 10.3%, “Emaar Development” 58.7% and “TECOM” shares 21.8%. %, and “Air Arabia” 30.7%. %, “SALIC” 33.5%, “Dubai Investments” 13.8%, “Empower” 33.1%, “Dubai Financial Market” 5.3%, and “Dubai Islamic” 2.6%, while “Gulf Navigation” posted strong gains of over 974%. “Ajman Bank” also achieved 91.5%.

“Emaar Properties” has the largest share of the trade, attracting about 16.2 billion dirhams, “Emirates NBD” 9.07 billion dirhams, “Ajman Bank” 5.68 billion dirhams, “Dubai Islamic” 5.5 billion dirhams and “Deva” 4.98 billion. billion dirhams.

• 4 new listings in the current year including “ADNOC Gas”, “Brissite”, “ADNOC Logistics and Services” and “Al Ansari”.